Finally. On October 9th, IBM announced that it will split itself up by breaking up the company into two pieces, spinning off its legacy IT services businesses to focus on cloud. IBM shares rose about 6% on the news the first day, thought they have pulled back to be close to where they were when the deal was announced.
The change is sorely needed — IBM CEO Arvind Krishna is wise to pursue the strategy as the company needs some sort of catalyst to drive growth in the era of the cloud explosion. This deal should put IBM in a better position to compete with other cloud titans such as Amazon Web Services (AWS), Google, and Microsoft Azure by putting more focus on its prized Red Hat unit. It should also enable IBM to compete more strongly against other large tech conglomerates pursuing cloud, such as Hewlett Packard Enterprise (HPE)
MOSCOW (AP) — A trio of space travelers blasted off to the International Space Station on Wednesday, using for the first time a fast-track maneuver that allowed them to reach the orbiting outpost in just a little over three hours.
NASA’s Kate Rubins along with Sergey Ryzhikov and Sergey Kud-Sverchkov of the Russian space agency Roscosmos lifted off as scheduled Wednesday morning from the Russia-leased Baikonur space launch facility in Kazakhstan for a six-month stint on the station.
Intelligent cameras could be one step closer thanks to a research collaboration between the Universities of Bristol and Manchester who have developed cameras that can learn and understand what they are seeing.
Roboticists and artificial intelligence (AI) researchers know there is a problem in how current systems sense and process the world. Currently they are still combining sensors, like digital cameras that are designed for recording images, with computing devices like graphics processing units (GPUs) designed to accelerate graphics for video games.
This means AI systems perceive the world only after recording and transmitting visual information between sensors and processors. But many things that can be seen are often irrelevant for the task at hand, such as the detail of leaves on roadside trees as an autonomous car passes by. However, at the moment all this information is captured by sensors in meticulous detail and sent clogging the system with
Networking equipment provider Nokia announced that it has signed a multiyear agreement to use Google as its cloud infrastructure provider. Nokia said it will migrate its global data centers and servers, as well as various software applications, onto Google Cloud infrastructure over an 18- to 24-month period.
Nokia said the deal reflects the company’s operational shift toward a cloud-first IT strategy. The cloud move is also meant to help Nokia manage its digital operations and expand collaboration capabilities for its employees working remotely amid the pandemic.
Also: 5G could generate trillions in benefits in the next decade. So why aren’t companies moving faster with it?
Under the deal, Nokia will use a suite of Google Cloud products and services, with its infrastructure and applications running in the public cloud or via SaaS model. The companies have also worked out a customized migration schedule that will allow Nokia to exit its
The U.S. Army has just put more than a billion dollars into a new air defense system called IM-SHORAD to protect soldiers from drone attacks. It is a vital mission – but the last time the Army tried to develop something like this the project failed horribly. And even if the new system works as intended, serious questions remain.
The U.S. has enjoyed air superiority, if not air supremacy, in every conflict for decades. American planes have swept the enemy aircraft from the sky or destroyed them on the ground. The last time an American soldier was killed by enemy air attack was during the Korean War. As a result, while the Russians and others have continued to develop generations of armored vehicles carrying surface-to-air missiles
The night sky will bring an added treat this Halloween as it features a spectacle that has not occurred in nearly two decades.
Halloween is shaping up much differently this year due to the coronavirus pandemic with some communities electing to cancel trick-or-treating to reduce the risk of the virus spreading from one household to another. But in neighborhoods where young masqueraders will be going door-to-door collecting candy, they will have a bright full moon to help light the way.
This won’t be the typical full moon, either — it will be a blue moon.
The moon rises in the sky as seen through the Four Towers, or C.T.B.A. (Cuatro Torres Business Area) in Madrid, Spain, Monday, Aug. 11, 2014. (AP Photo/Daniel Ochoa de Olza)
Contrary to its name, a blue moon does not appear blue in color. It is simply the nickname given to the second full moon in
(Reuters) – Wall Street’s main indexes inched higher in choppy trading on Wednesday as investors digested a mixed bag of quarterly earnings reports from major U.S. banks.
Goldman Sachs edged up as strength in its trading business helped quarterly profit surge 94%. Bank of America shed 4.0% after it missed revenue estimates and Wells Fargo declined 4.6% as its profit fell short of forecasts.
The S&P 500 banks index dropped 1.3% as the third-quarter earnings season took off amid improving expectations over the extent of the drop in overall profits for S&P 500 firms. Analysts now expect earnings to fall 18.9% from a year, according to
SAN DIEGO and DETROIT, Oct. 14, 2020 /PRNewswire/ — Today, financial empowerment app Mint by Intuit Inc. (Nasdaq: INTU), and Rocket Companies (NYSE: RKT), announced a first-of-its kind partnership in which Rocket Mortgage – the first fully digital mortgage experience – is now integrated into the Mint app via API to create a fast, simplified refinance experience for homeowners.
As part of this integration, Mint users are able to pre-fill information such as current mortgage information that they’ve added to their Mint profile. They are then able to seamlessly search for, apply and lock-in mortgage refinance rates with Rocket Mortgage in as few as eight minutes, instead of days or weeks – all powered by the Rocket Mortgage API. This is the first time the Rocket Mortgage experience has been directly integrated into a personal finance platform.
“Across the country, Americans are struggling with their finances as many face difficult
Wishing a friend happy birthday or spending a long period of time listening to their problems signifies commitment to the friendship. In other words, these actions serve as commitment signals (*1) and it is known that people value their relationships more with others who behave this way towards them.
Researchers from several Japanese universities have revealed that the orbitofrontal cortex, the part of the brain responsible for calculating economic value, is also responsible for judging the value of relationships with friends based on the received commitment signals.
The research group consisted of Professor OHTSUBO Yohsuke (Graduate School of Humanities, Kobe University), Professor OHIRA Hideki (Graduate School of Informatics, Nagoya University), Aichi Medical University’s Lecturer MATSUNAGA Masahiro (and the Department of Health and Psychosocial Medicine research team), and Lecturer HIMICHI Toshiyuki (Kochi University of Technology).
These findings were published in the online edition of ‘Social Neuroscience’ on September 25.
LONDON and WOODCLIFF LAKE, N.J., Oct. 14, 2020 /PRNewswire/ — Ori Biotech Ltd (Ori), a leading innovator in cell and gene therapy (CGT) manufacturing, today announced the successful close of a $30 million Series A financing round, bringing the company’s total funding to date to $41 million. The new funding will be used to help bring Ori’s innovative manufacturing platform to the market. The Ori platform delivers scalable solutions to flexibly address the critical clinical and commercial manufacturing needs of CGT developers.
The Series A investor syndicate was led by the experienced life sciences investment team at Northpond Ventures, a leading global science, medical, and technology-driven venture fund, alongside Octopus Ventures, a leading European venture fund. Northpond and Octopus invested alongside significant support from Ori’s existing institutional investors, Amadeus Capital Partners, Delin Ventures, and Kindred Capital.
“Closing a significant Series A round, during these uncertain